General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYou are not going to believe the deal the Justice Dept, made with this bank..
Here's the deal:
UBS got caught in the Libor rigging scandal, got off scott free by promising to NOT BREAK THE LAW FOR 2 YEARS
and now it seems it could not keep its promise!
It rigged the currency markets, along with other banks, after the plea deal.
This is how Boomberg puts it:
UBSs cooperation in the currency probe may help shield it from antitrust charges in that matter.
However, the bank is still exposed to fraud charges in that case, and any admission of wrongdoing could also put it in violation of an earlier deal the Zurich-based bank struck with the Justice Department.
In a December 2012 non-prosecution agreement with the U.S. to resolve a worldwide investigation into the manipulation of the London interbank offered rate, or Libor, UBS promised not to commit crimes for two years.
NoJusticeNoPeace
(5,018 posts)they might own them if they get more power
We were done in long time ago, this is all just the downhill ride
Like the great one said "I am not interested in solutions and anyone who is, is part of the problem"
I honestly believe George Carlin was right when he said this
cali
(114,904 posts)All too fuckingbelievable.
dixiegrrrrl
(60,010 posts)The very best I could do was to stop using any Big bank.
Any you know, for all the bitching and moaning I hear from the Repubs about freedoms and too big gov. and economy,
I never once have heard them say ..."break up the banks". "enforce the Rico laws".
woo me with science
(32,139 posts)This is the moral and ethical sewer of corporate government.
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
From the "Justice" Department that also gave us these:
The "Justice" Department of this corporate Trojan horse administration. Lest we forget:
So Eric Holder is finally resigning as Attorney General....
First, he refused to prosecute George W. Bush, Dick Cheney, and Donald Rumsfeld for breaking the treaty against torture and the statutes that also prohibit it.
Second, he let Wall Street CEOs off the hook for messing around with mortgage derivatives, misleading investors and clients, and crashing our economy.
Third, he prosecuted more whistleblowers than any other Attorney General, and he used the hideous 1917 Sedition Act to go after them. He even pursued James Risen, the terrific New York Times reporter, threatening him with jail.
Justice declines to pursue allegations that CIA spied on Senate Intelligence Committee
http://www.democraticunderground.com/1014843337
Obama DOJ Asks Court to Grant Immunity to George W. Bush For Iraq War
http://www.democraticunderground.com/11781446
NDAA on trial: Obama Administration DOJ fights ban on indefinite detention of Americans
http://www.democraticunderground.com/101748688
DEA and DOJ Struck Deal with Mexico's Most Notorious Drug Cartel
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=4410768
http://www.businessinsider.com/the-us-government-and-the-sinaloa-cartel-2014-1#ixzz2qKWem3w8
Chilling Legal Memo From Obama DOJ Justifies Assassination of US Citizens
http://www.democraticunderground.com/101654954
DOJ lied to Supreme Court about domestic surveillance
https://www.techdirt.com/articles/20140514/06214727229/doj-still-trying-to-hide-fact-it-flat-out-lied-to-supreme-court-about-domestic-surveillance.shtml
The Obama administration/DOJ war on whistleblowers and federal unions
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5586389
DOJ Mysteriously Quits Monsanto Antitrust Investigation
http://www.democraticunderground.com/10021911441
Holder/Obama administration seeks to legalize lying in response to Freedom of Information requests.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5586380
NSA Phone Spying Cannot Be Challenged in Court, Feds Say ..
http://metamorphosis.democraticunderground.com/1014542562
The Obama DOJ urged the Supreme Court's endorsement of strip searches for minor traffic stops.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5586369
http://www.democraticunderground.com/1002521527
Holder overlooks DEA abuse of spying information, construction of false evidence trails against Americans
http://www.democraticunderground.com/1168570
DOJ goes all the way to the SC to argue for warrantless GPS tracking on cars
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5586375
Obama/Holder War on Journalism coming to a head (Risen)
http://www.democraticunderground.com/101699216
http://www.commondreams.org/views/2014/08/04/obamas-war-journalism-coming-head
http://www.democraticunderground.com/1269998
Obama/Holder more hostile to medical marijuana patients than any president in history
http://www.democraticunderground.com/1002650922
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5585204
Feds seek hard prison time for rural Washington pot growers
http://www.democraticunderground.com/1014801804
DOJ spying on AP reporters, editors re: leaks; other news organizations
http://www.nytimes.com/2013/05/15/opinion/spying-on-the-associated-press.html
http://www.democraticunderground.com/1014487549
US DOJ drags out Tesoro investigation (Refinery Explosion) for 4 years; no criminal charges vs. Big Energy
http://www.democraticunderground.com/10025407823
DOJ drags feet at accountability on Deepwater Horizon
http://emptywheel.firedoglake.com/2011/04/22/doj-sits-on-its-thumbs/
DOJ Allows Bank of America to Deduct $12 Billion of $17 Billion Settlement
http://sync.democraticunderground.com/?com=view_post&forum=1002&pid=5427407
Exporting Corruption (Asset Forfeiture), DOJ Looks for Lucrative Overseas Partnerships
http://www.forfeiturereform.com/exporting_corruption_doj_looks_for_lucrative_overseas_partnerships
Obama/Holder Leak Investigations Outrageous and Unprecedented
http://www.slate.com/articles/news_and_politics/jurisprudence/2013/05/obama_s_justice_department_holder_s_leak_investigations_are_outrageous_and.html
The DoJ under Holder refused to prosecute anyone for torture...but Holder had no problem prosecuting a CIA agent who leaked the name of a torturer
http://www.democraticunderground.com/10022846735
http://www.nytimes.com/2012/10/24/us/former-cia-officer-pleads-guilty-in-leak-case.html?_r=0
Too Big to Jail: Letting criminal banks and bankers off the hook
http://www.democraticunderground.com/10024906501
http://www.democraticunderground.com/1017201343
http://www.democraticunderground.com/10025558689
http://www.democraticunderground.com/1014571503
http://www.democraticunderground.com/10025503531
Justice Department Sues Telecom for Challenging National Security Letter
http://www.democraticunderground.com/1014170619
DOJ Argues No Constitutional Right Not to Become an Informant
http://sync.democraticunderground.com/10025309330
Operation Choke Point- The DOJ using banks to shut down industries they don't like
http://www.democraticunderground.com/10024880788
Holder Looks To Overturn Ruling That Would Apply Fair Sentencing Act Retroactively
http://www.democraticunderground.com/10023334909
How Eric Holder Facilitated the Most Unjust Presidential Pardon in American History
http://www.democraticunderground.com/10023253563
Holder and Obama Dishonesty On Mandatory Minimums, the Drug War and Mass Incarceration
http://www.democraticunderground.com/10023492539
US & NSA Accused of (Holder defends) Criminal Privacy Violations in Dozens of Nations
http://www.democraticunderground.com/10023086724
DOJ defends NSA's Associational Tracking Program; No justification even in Patriot Act
http://www.democraticunderground.com/10023455121
US declares socialists Freedom Road a terrorist organization
http://www.wsws.org/en/articles/2010/09/raid-s29.html
ACLU sues as DOJ ignores surveillance transparency law
https://www.aclu.org/blog/national-security/aclu-sues-doj-ignores-surveillance-transparency-law
Obama Justice Department has launched twice as many Espionage Act prosecutions against domestic leakers as all previous administrations combined.
http://www.democraticunderground.com/10022276941
The only official punished by DOJ for the illegal NSA program was the one who discussed it. The same is now true of torture
http://www.guardian.co.uk/commentisfree/2013/jan/27/obama-war-on-whistleblowers-purpose
DOJ Drone Memo revealed: Government can overrule 4th amendment
http://www.democraticunderground.com/11784727
Heavy Redactions in DOJ Memo leave doubts on Data Surveillance Program
http://www.democraticunderground.com/1016101952
Justice Department And NSA Memos Proposing Broader Powers For NSA To Collect Data
http://www.democraticunderground.com/10023114180
DOJ's outrageously aggressive prosecution of internet activist, Aaron Swartz
http://www.huffingtonpost.com/2013/03/22/al-franken-eric-holder_n_2934627.html
Bradley Birkenfeld, UBS Whistleblower, Finds Himself in Federal Prison
http://www.cnbc.com//id/41257962
Holder/DOJ sided with Rove in politically motivated prosecution of fr. AL governor, Don Siegelman,
Then, the person who handled the paperwork, got onto the Supreme Court.
http://www.opednews.com/articles/Elena-Kagan--Willing-Acco-by-Michael-Collins-100622-971.html